Pony AI (NASDAQ:PONY) Upgraded to “Hold” at Wall Street Zen

Wall Street Zen upgraded shares of Pony AI (NASDAQ:PONY) from a sell rating to a hold rating in a research note released on Saturday.

Several other research analysts also recently commented on PONY. Barclays assumed coverage on shares of Pony AI in a report on Tuesday, December 16th. They issued an “equal weight” rating and a $15.00 price target for the company. CLSA started coverage on Pony AI in a research note on Friday, January 2nd. They set an “outperform” rating and a $22.00 price objective for the company. Citigroup restated a “buy” rating on shares of Pony AI in a research report on Thursday, January 15th. Macquarie Infrastructure started coverage on Pony AI in a report on Monday, December 15th. They issued an “outperform” rating and a $29.00 price target on the stock. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Pony AI in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Pony AI has an average rating of “Moderate Buy” and an average price target of $22.10.

Pony AI Stock Down 1.6%

Shares of NASDAQ PONY opened at $14.07 on Friday. The business has a 50-day simple moving average of $15.21 and a two-hundred day simple moving average of $16.13. Pony AI has a 52 week low of $4.11 and a 52 week high of $24.92. The company has a market cap of $5.42 billion, a P/E ratio of -9.98 and a beta of 6.39.

Pony AI (NASDAQ:PONY) last announced its quarterly earnings results on Tuesday, November 25th. The company reported ($0.16) earnings per share (EPS) for the quarter. The firm had revenue of $25.44 million during the quarter. Pony AI had a negative return on equity of 37.99% and a negative net margin of 350.98%. Equities research analysts anticipate that Pony AI will post -0.38 EPS for the current year.

Hedge Funds Weigh In On Pony AI

Large investors have recently bought and sold shares of the stock. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Pony AI during the second quarter valued at approximately $1,693,000. Mirae Asset Global Investments Co. Ltd. increased its position in Pony AI by 268.5% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 836,728 shares of the company’s stock valued at $18,818,000 after purchasing an additional 609,666 shares during the period. Money Concepts Capital Corp bought a new position in Pony AI in the 3rd quarter worth $2,062,000. Eschler Asset Management LLP bought a new position in Pony AI in the 2nd quarter worth $4,245,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of Pony AI in the 3rd quarter worth about $9,509,000.

Pony AI Company Profile

Pony.ai develops autonomous driving technologies for passenger and goods transportation. The company offers an end-to-end self-driving stack that combines perception, planning and control systems with proprietary hardware and software. Pony.ai’s solutions support robotaxi services and advanced driver-assistance system (ADAS) deployments across urban and suburban environments.

Founded in late 2016 by James Peng and Sean Gong, Pony.ai operates research and development centers in Fremont, California, as well as in Guangzhou and Beijing, China.